ESOP expenditure allowed as FMV difference; long-term capital gain issue sent back for collector rate determination; deferred income additions disallo...
Appeal allowed; impugned order quashed as regulator failed to prove nexus or manipulative scheme; sale genuine - s.12A(a)-(c), Regs 3(a)-(d),4(1),4(2)...
Appellant's ring-back tone service held OIDAR, taxable domestically for 01.07.2012-31.07.2016; liability confirmed, penalties vacated, remanded for re...
The circular amends the Master Directions on compounding of contraventions under the Foreign Exchange Management Act, 1999 by revising the bank account details for receipt of compounding application fees and compounding amounts through NEFT/RTGS and other electronic modes. Annexure I now specifies updated account numbers, IFSC codes, and contact emails for the central office, a designated cell, and all regional offices, along with addresses and contact details for submission of compounding applications. Applicants must email specified payment details to the relevant office within two hours of payment. The directions are issued under sections 10(4) and 11(1) of FEMA, 1999.
The circular amends the Master Directions on compounding of contraventions under the Foreign Exchange Management Act, 1999 by revising the bank account details for receipt of compounding application fees and compounding amounts through NEFT/RTGS and other electronic modes. Annexure I now specifies updated account numbers, IFSC codes, and contact emails for the central office, a designated cell, and all regional offices, along with addresses and contact details for submission of compounding applications. Applicants must email specified payment details to the relevant office within two hours of payment. The directions are issued under sections 10(4) and 11(1) of FEMA, 1999.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4824 
Join Channel 
